What Is the Economic Value of Japanese Longevity?

Kawagoe, Masaaki

doi:10.2753/jes1097-203x360302

Cited by 1 publication

(2 citation statements)

References 4 publications

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“…39 million US$) to 112-155 billion Yen (approx. 111-154 million US$) in 2025 (including care and welfare; SKS 2000, compare also DIHKJ 2010; Kawagoe 2009). The market growth rate for the silver market is estimated to be 4-5% p. a. between 2000 -2025 (including care and welfare; SKS 2000; compare also METI 2004).…”

Section: The New Silver Market and Japan As An Early Movermentioning

confidence: 97%

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Japan’s Silver Market: Creating a New Industry under Uncertainty

Storz¹,

Pascha²

2011

Institutional Variety in East Asia

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It has often been asked whether today´s Japan will be able to move into new and promising industries, or whether it is locked into an innovation system with an inherent inability to give birth to new industries. One argument reasons that the thick institutional complementarities among labour, innovation, and finance among its enterprises and the public sector favour industrial development in sectors of intermediate uncertainty, while it is difficult to move into areas of major uncertainty. In this paper, we present the case of the silver industry or, somewhat more prosaically, the 60+ or even 50+ industry, for which most would agree that Japan has indeed become a lead market and lead producer on the global market. For an institutional economist, the case of the silver industry is particularly interesting, because Japan´s success is based on the cooperation of existing actors, the enterprise and public sector in particular, which helped overcome the information uncertainties and asymmetries involved in the new market by relying on several established mechanisms developed well before. In that sense, Japan´s silver industry presents a case of of what we propose to call successful institutional path activation with the effect of an innovative market creation, instead of the problematic lockin effects that are usually associated with the term path dependence.

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Section: The New Silver Market and Japan As An Early Movermentioning

confidence: 97%

“…The important role of the silver market for a high-income, mature, populous and ageing economy like Japan has often been recognized (Gassmann, Keupp 2005, UDe.V./TMU 2008Kawagoe 2009;Kohlbacher, Herstatt 2008;Naikakufu 2009). Hence, what is "uncertain" about it?…”

Section: Introductionmentioning

confidence: 99%

Japan’s Silver Market: Creating a New Industry under Uncertainty

Storz¹,

Pascha²

2011

Institutional Variety in East Asia

View full text Add to dashboard Cite

show abstract

What Is the Economic Value of Japanese Longevity?

Cited by 1 publication

References 4 publications

Japan’s Silver Market: Creating a New Industry under Uncertainty

Japan’s Silver Market: Creating a New Industry under Uncertainty

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